Tuesday, Jul 07, 2020 | Last Update : 09:45 PM IST

105th Day Of Lockdown

Maharashtra2119871152629026 Tamil Nadu114978665711571 Delhi100823720883115 Gujarat36858263231967 Uttar Pradesh2863619109809 Telangana2573314781306 Karnataka2531710529402 West Bengal2298715235779 Andhra Pradesh211979745252 Rajasthan2092216320465 Haryana1777013393276 Madhya Pradesh1528411579617 Bihar12525901497 Assam12523788314 Odisha10097648654 Jammu and Kashmir86755318138 Punjab64914494132 Kerala5623334128 Chhatisgarh3305264414 Uttarakhand3230262143 Jharkhand2877206820 Goa190311568 Tripura169212191 Manipur14307710 Himachal Pradesh107876410 Puducherry104351714 Nagaland6443030 Chandigarh4924017 Arunachal Pradesh270922 Mizoram1971390 Sikkim125650 Meghalaya94432
  Business   In Other News  18 Nov 2019  Textile exports continue slide

Textile exports continue slide

THE ASIAN AGE. | SANGEETHA G
Published : Nov 18, 2019, 2:04 am IST
Updated : Nov 18, 2019, 2:04 am IST

Production of textiles and clothing in September also was down by 2.6 per cent and almost flat for the 6-month period.

Textiles and apparels were down by 3.21 per cent and of this textile exports slid 4.15 per cent. For the seven-month period, textile exports were down 8.84 per cent. Though apparel exports were down in October, during the seven-month period it was marginally up over last year.
 Textiles and apparels were down by 3.21 per cent and of this textile exports slid 4.15 per cent. For the seven-month period, textile exports were down 8.84 per cent. Though apparel exports were down in October, during the seven-month period it was marginally up over last year.

Chennai: Apart from handicraft products and jute products, all the other textile-related products continued their downward slide in exports in the month of October.  However, the industry expects that with the easing of trade tensions between the US and China, exports would see a positive growth by the end of the fiscal.

Cotton yarn, made-ups and handloom products were down by 6 per cent in October and by 12.5 per cent between April and October. Man-made yarn, fabrics and made-ups were marginally down for the month and declined 5.69 per cent during the seven-month period.

Textiles and apparels were down by 3.21 per cent and of this textile exports slid 4.15 per cent. For the seven-month period, textile exports were down 8.84 per cent. Though apparel exports were down in October, during the seven-month period it was marginally up over last year.

Production of textiles and clothing in September also was down by 2.6 per cent and almost flat for the 6-month period.  

“The exports are still sluggish, but the drop has been lesser compared to earlier months. The trade tension between the US and China are easing and this has improved the Chinese imports, especially yarn. The GST refunds are also taking a longer time to reach the exporters,” said Sidharth Rajagopal, Executive Director, Texprocil.  

Carpets witnessed the steepest decline in percentage terms — 16.87 percent. A saving grace was handicraft exports, which grew by 7.66 per cent. Jute product exports also went up by 9.75 per cent.

The industry expects that the exports will improve in the coming months and that it might see a positive growth by the end of the fiscal.

“If the US-China trade issues settle down, the demand would improve. Once the exporters receive refunds, their cash flow and bottomline will improve. They will be able to price products more competitively. If the cotton prices also remain range-bound, by the end of the fiscal we might see positive growth in exports,” he said.

Tags: indian handicraft products, textile export